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calling the bottom of the fixed-rate home loan market
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5983385.ece Mortgage brokers were last night calling the bottom of the fixed-rate home loan market. They claim that the money markets are indicating that rates’ next move will be up. Market rates, which determine the cost of fixed-rate mortgage lending,…
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Broker's "Lifetime Fee"
Hi, I have been quoted £299 as a lifetime fee by a mortgage broker. This would be payable before completion of my current house purchase but it does mean that he will continue to act on my behalf on the current purchase if it does fall through and also any purchases I make in the future, for no extra cost. I am a first…
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Underwriting Process!
Hi all, i have been googling and looking on here about the mortgage underwriting process, As soon as you fill in a full application is it viewed by the underwritier who asks for other pieces of info such as more pay slips etc, or is this done by some other person e.g under - underwriter (i dont know what job title they use…
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Best BTL Mortgage
Hi, Can anyone please advise me on the best buy to let mortgage around at present with 25% depoisit available? Thanks in advance. Sid
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Ftb Help Please
Hi I am a recent graduate I have a permanent job with the NHS however I have a low income of £12922 going up to £13922 in April and then £13500 in October. By partner earns around £22,000 however he has numerous default on his account. W e would like to buy a house I have £5,000 in savings and everything is green on my…
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Pay off BTL mortgages with my home mortgage with lower rate?
Hi all Please can someone advise me on whether my thinking on paying off BTL's is right and is actually a good idea! I have four BTL's that have just five more years to run and have a combined total of £30000. They are on a SVR of 4.99 at the moment and I pay £550 in total for the four every month. My home mortgage is an…
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Landlord not paid mortgages for over 12 months
we have a landlord who has 15 properties and has not paid any mortgage payments on them for over 12 months. Does anyone know the chances of them being repossessed anytime soon? the mortgage companies wont give us any information? Ideas anyone?
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London & Scottish clearing bank base rates?
Hello - quick question Does anyone know how I can get the historical base rates for the London & Scottish clearing banks? Only need information over the past couple of month. Is there a site which details them all, or will it be a case of checking each bank's website for further information? Banks required are: Bank of…
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Mortgage Advice
Hi all, Bit of a long one this, I'm afraid! In October 2007, I lost my job and my fiance rang the bank (Abbey National) to see if we can lower our payments. They put us on to interest only for 6 months. At this point my Fiance asked if it would affect her credit rating (mine is bad.), and Abbey National said no, because…
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Mortgage advice - a million questions....
ok ive tried for a mortgage in my name and it was declined because i have a 2 year old defualt. Ive tried in my partners name and it was declined, i assume because she has late payments showing on a "settled" account. so what options do i have left?...is there still such a thing as parents going as garauntors? as my father…
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how long does a remortgage take???
hi how long does it take from first applying for a remortgage to completion? everything is straight forward no credit problems etc LTV is 45%
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Endowment Loans.
Hi, Anyone had any success in recent months securing a loan against an Endowment. I have contacted my Insurer and they no longer offer this even though the current surrender value is £12,000 and I would want to borrow below this figure. I do not want to surrender it or sell it as it has only 5 years left until maturity…
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When the time comes to get a new mortgage...
When the time comes to get a new mortgage do they still work out what interest rate you will get charged based on the LTV? If so how do they work out the LTV ratio, equity to current market value? Many thanks.
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When the base rate starts to rise...
I bought my first home last August. I was fortunate enough to get a decent mortgage just before things went really pear shaped. This is with HSBC; .99% above base rate, lifetime tracker, no start-up fees, free basic home survey. Sure I am benefiting greatly now and that's fantastic but my concern is when the base rates go…
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Pay more off mortgage or save the extra??
Hi all, I'm a first timer so apologies if there are obvious answers to this query somewhere else on the site already... My deal expires in June, I'll be going from 5.18% fixed to whatever the Nationwide Base rate is at that time, currently 3% Purchased the property in June 07 with a 10% deposit, paying interest only My…
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Shortening a Mortgage, how much will I save?
deleted thread
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Late payment on credit report
Hi all, Checked my credit report earlier and I have a late payment marker on my current account (over overdraft). Will a one off like this impact my ability to get the best mortgage deals - I am looking to apply for a new mortgage in 1-2 months time. the marker was 2 months ago. LTV for the new mortgage is approx 60%.…
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Help... Left in the cold by ex.....
my ex has left me (greener grass) and i remain in the home, he is still paying the mortgage but i fear not for long. what are my options to stay in my beautiful home, i am 50 and work full time but do not earn enough to pay the existing mortgage, it still has 23yrs left to run and i am looking at staying here until i can…
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Help needed getting a self cert mortgage
I am self employed and taking the general rule of thumb, using my past 3 years self assessment tax returns, my income has been fairly low. The reason for my low income is that I have basically been working hours to suit. I paid off my mortgage in full 2 and half years ago so I have been working as and when I want to. If I…
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Bit confused???
Hello all, I have a faxed rate of 5.3% with 15 months to go. I would however like to sell and purchase a new house. How would that work? Would I just extend the amount on my present mortgage? Would the extra I borrow have to be veriable rate or could I get a fixed rate on the new amount? example.. I have a present mortgage…
